Television

Raj TV looking at raising Rs 200 crore through stake sale

MUMBAI: Raj TV Network is keen on further strengthening its presence in its core market of south India and also expanding its reach to the diaspora from the four states of Tamil Nadu, Kerala, Karnataka and Andhra Pradesh.

 

The television network is on the lookout for equity investors – financial or strategic – to fund its growth plans. The company has appointed Destimony Securities as its advisor for the equity stake sale.

 

“By getting in investors, we are looking at raising approximately Rs 200 crore,” Destimony Securities MD and CEO Sudip Bandhopadhyay told Indiantelevision.com.

 

Raj TV Network plans to revamp its clutch of south Indian GECs, music and news channels and also on furthering its brand in the Telugu market.

 

The network operates 12 channels – four in Tamil, three in Telugu, two in Kannada, two in Malayalam and one in Hindi.

 

Raj TV Network also has a large library of Tamil movies which has not yet been tapped gainfully.

 

“We have a huge inventory of Tamil movies that needs to be monetised. Alongside, the large diaspora of the four states in the South needs to be captured,” Bandhopadhyay said.

 

Ernst & Young had in 2007 valued Raj TV Network’s movie collections at Rs 325 crore.

 

The network is currently busy revamping its Telugu channels  --  Raj Musix Telugu, Raj Telugu News and Vissa.  The relaunch of the Telugu channels is expected sometime next month. Raj TV Network also plans to rebrand Vissa to prefix the Raj brand.

 

Apart from this, Raj TV Network has ambitious plans to make its presence felt in northern parts of the country.

 

“We don’t just want to build the brand name in the south but also move to other regional markets as well,” says Raj TV MD M Raajhendhran.

 

The network is already present in a few Hindi speaking markets with Raj Parivar, which currently features only songs. It has long term plans to start GECs and other regional music channels as well in north India. Bhojpuri is one of the markets Raj TV Network is considering. Additionally, it is also looking at the Bengali market.

 

In the third quarter ended 31 December 2013, Raj TV Network reported a 53.98 per cent rise in net profit to Rs 4.99 crore (20.01 per cent of revenue during the quarter) from Rs 3.24 crore (18.55 per cent of revenue of that quarter) a year ago.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/31/ten1.jpg?itok=2i8wv1fn
Sony Pictures to acquire Ten Sports from Zee

MUMBAI: Sony Pictures Networks India (SPN) today announced that SPN and its affiliates have entered into definitive agreements to acquire TEN Sports Network from Zee Entertainment Enterprises Limited (ZEE) and its subsidiaries for 385 million U.S. dollars. Completion of the acquisition is subject...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/31/NP-Singh-and-Punit-Goenka-at-the-signing-ceremony---20160831.jpg?itok=AujRW9QU
ZEEL files Ten Sports sale details with BSE

MUMBAI: Further to the announcement of the acquisition of its Ten Sports Network by Sony Pictures Networks India, Zee Entertainment Enterprises, issued a disclosure report to the Bombay Stock Exchange (BSE) giving further details of the deal.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/31/olympics.jpg?itok=_lrJ3XL9
Star's multi-screen Rio 2016 coverage gets thumbs up from viewers

MUMBAI: With 191 million viewers tuning into watch the just concluded Rio Olympics in Brazil and every two out of three doing so on Star Sports channels, coupled with nearly 70 percent of the reach of television in affluent homes in the top 6 metros via digital platform Hotstar, it has been a gold...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/31/Punit%20Goenka.jpg?itok=OzvGHjO9
SPN India acquires ZEEL's Ten Sports for USD 385 mn

MUMBAI: Sony Pictures Networks India (SPN) has announced that SPN and its affiliates have entered into definitive agreements to acquire TEN Sports Network from Zee Entertainment Enterprises Limited (ZEE) and its subsidiaries for 385 million U.S. dollars. Completion of the acquisition is subject to...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/31/ten%20sports%20network%20wwe.jpg?itok=kA0kbcf-
Ten Sports proposed sale: Biz acumen trumps emotions

NEW DELHI: In business, emotions have importance, but they have to be weighed against the larger interest (of the company). This was Zee boss Subhash Chandra telling an eager journalist on the media beat for a business newspaper in the fag end of 90s after having just bought out Rupert Murdoch from...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/30/Untitled-1_37.jpg?itok=YurkNzHi
CNN-News18 #HelpAshmita Campaign

In the aftermath of India’s performance at the Rio Olympics, the discussion across the country turned to what needs to be done in order to improve the country’s ranking at the Tokyo Olympics in 2020. Against this backdrop, CNN-News18 took the lead not only in terms of coming up with a unique...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/30/Untitled-1_36.jpg?itok=aiVE7g5P
MTV's Dell Campus Diaries takes of college life

MTV has partnered with Dell to uncover stories from every campus across the country. Dell Campus Diaries by MTV is an immersive college connect program that digs into what makes college life tick. It allows youngsters to showcase talent, collaborate with peers and archive college quirks.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/30/Untitled-1_35.jpg?itok=mGA70TBD
&TV to air new series 'Badho Bahu'

&TV is all set to air it’s all new drama series Badho Bahu from September 12, every Monday to Friday at 9.30 PM. Produced by Sunny Side Up films and Hum Tum Telefilms Pvt. Ltd, &TV’s latest offering Badho Bahu, is set against the backdrop of Haryana, known to produce some of the best Indian...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/30/Empire%20s2.jpg?itok=QUSqb_ot
Binge with Star World this September

India’s premiere entertainment channels Star World and Star World HD, are set to add some much needed drama and more to your weekends come September! Home to some of the best English entertainment in India, ‘Star World Weekend Binge’ will showcase three Emmy-nominated shows all through September....

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories